Nvidia, AMD deal with U.S. govt. to share revenue from China AI chips
Business
Aug. 11 (UPI) -- U.S. chip makers Nvidia and Advanced Micro Devices inked an "unprecedented" deal in which they will pay 15% of their sales to China to the U.S. treasury in exchange for export licenses to ship their advanced H20 and MI308 semiconductors. The administration of U.S. President Donald Trump has begun issuing licenses to both companies to supply the AI chips to China, sources and officials told the BBC and the Financial Times on Sunday, after Nvidia CEO Jensen Huang met with Trump
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